Southwest Florida Real Estate News and Market Insight
Market data, mortgage rate movement, housing policy, and property news from across the country and here at home in Collier and Lee counties. Anything that affects what a home in Naples, Bonita Springs, or Estero is worth, and what it costs to own one, is worth understanding before it shows up in your closing statement or your tax bill.
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Former nurse Lindsay Clancy spoke out loud in court for the first time since her murder trial began in Massachusetts—more than three years after she was accused of murdering her three children inside the family's home. Clancy, 35, has admitted to taking the lives of daughter Cora, 5, and sons Dawson
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Meghan Markle may have turned one year older—but she proved that she's not lost her youthful energy when she kick-started her birthday by enjoying a personal pajama dance party inside the kitchen of her stunning California home. The mother of two, who celebrated her 45th birthday on Aug. 4, shared a
Read More Mortgage Applications Decline After Rates Jumped to a 1-Year High

Mortgage applications declined last week, after the Federal Reserve issued a split decision on interest rates, according to the Mortgage Bankers Association. For the week ending on July 31, MBA's Market Composite Index—a measure of total mortgage loan application volume—dropped 2.9% on a seasonally
Read MoreProsper, European developer buy Miami River condo dev site for $50M

Prosper Group and European firm Versluys Group bought a condo development site on the Miami River in Brickell for $50 million. They put the 1-acre lot under contract last year from Harvey Hernandez’s Newgard Development Group and Two Roads Development. The property was part of the sellers’ One Bric
Read MoreAbdul El-Sayed Wins Michigan Primary—and Housing Affordability Could Secure Him Election Victory

Michigan's primary set the stage for an affordability fight in November, advancing candidates who made the cost of living a cornerstone of their campaigns. Abdul El-Sayed, the progressive former public health official, secured a narrow victory over U.S. Rep. Haley Stevens on Wednesday morning in the
Read MoreNaples Children Foundation Invests $2 Million in Behavioral Health Workforce

Naples Children Foundation Invests $2 Million to Strengthen Southwest Florida’s Behavioral Health Workforce Innovative Registered Intern Workforce Pilot will expand clinical training opportunities, increase access to children’s behavioral health services and build a sustainable pipeline of licensed
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Celebrity blogger Perez Hilton has been hospitalized in Florida after an incident at his Miami home, just a few weeks after he relocated back to the Sunshine State from Las Vegas in order to be closer to his loved ones. Police in Miami responded to multiple calls about a distressing livestream video
Read More Iowa’s Young Adults Are Abandoning The Rental Market To Live at Home Longer

A confluence of factors, including housing shortages, job market shifts, and rising costs of living, has created a challenging environment for young adults looking to move out on their own. Because of this, according to the most recent Census figures, 33% of young adults aged 18-34 live with their p
Read MoreInside the power struggle between PMG and a downtown Miami condo-hotel association

Property Markets Group sued the condo association at the Elser Hotel & Residences, marking the latest dispute between them over control of the downtown Miami condo-hotel. Last week, an affiliate of Miami-based PMG sued 398 NE 5th Street Condominium Association, the property management firm RealMana
Read MoreFannie, Freddie tighten screws on condo buyers

Fannie Mae and Freddie Mac tightened their condo financing rules effective Monday, a move that will make it harder for buyers to secure conventional mortgages and refinancings in buildings lacking sufficient financial reserves. Fannie Mae retired its mandatory PERS (Project Eligibility Review Servi
Read MoreSouth Florida’s top deals: Bal Harbour condo trades for $15M

🏆 Residential: The priciest recorded home sale was in Bal Harbour. A trust purchased a condo at 10201 Collins Avenue from a company led by Jason Claxton for $14.5 million. The unit measures 4,000 square feet, pricing the transaction at $3,600 per square foot. The corner pad has three bedrooms, four
Read MoreThese 10 Cities Could Reap the Biggest Benefits From Federal Grants To Spur Homebuilding

Recent changes to a popular federal grant program could help bring new housing to areas that need it most, a new Realtor.com® analysis shows. The 21st Century Road to Housing Act, the bipartisan housing bill that just passed into law, includes some tweaks to the Community Development Block Grant pro
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JPMorgan Chase has announced that it would deploy more than $750 billion into the housing market over the next decade in a bid to create more affordable housing and make homeownership more accessible for Americans. The financial firm's American Dream Initiative aims to build or preserve 1 million af
Read More Europe's heatwave isn't cooling Asian travelers' holiday plans for the continent

Asian travelers' appetite for Europe remains resilient despite record-breaking heat, with spending in Northern Europe projected to increase.
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A one-of-a-kind barn home surrounded by 72 rolling acres has been put on the market in the Berkshires for $4.5 million—complete with a spread of unique amenities and a rich architectural heritage. Located in Sheffield, MA, the exceptional legacy compound boasts a five-bedroom primary residence, a tw
Read More EXCLUSIVE: Red Hot Chili Peppers Bassist Flea Relists Extraordinary Malibu Estate for $8 Million

Red Hot Chili Peppers bassist and prolific property investor Flea has brought his "extraordinary" Malibu sanctuary back to the market for $7.99 million inside one of California's most exclusive beachfront enclaves. Flea, 63, whose real name is Michael Balzary, purchased the elegant estate, which is
Read MoreOwning South Florida? Jessica Taylor leaves Serhant, joins Douglas Elliman

Jessica Taylor of “Owning Manhattan” fame left Serhant and joined Douglas Elliman, making the drive down to South Florida from New York this past weekend. Taylor, known for her role on the Netflix show that follows brokerage founder Ryan Serhant, left his firm and moved to Palm Beach. On Instagram,
Read MoreRivani pays $32M for South Beach building that formerly housed China Grill

Robert Rivani’s namesake firm added another Miami Beach property to its portfolio, acquiring an office and retail building at the gateway to the South of Fifth neighborhood for $32 million. Rivani purchased the eight-story building at 404 Washington Avenue, which includes 61,000 square feet of leasa
Read MoreArson Suspect in Spokane Wildfire Arrested After Inferno Destroyed Hundreds of Homes

An ex-convict has been arrested in Washington state on arson charges after he allegedly started the biggest of the three Spokane County wildfires that destroyed hundreds of homes and displaced tens of thousands of residents this week. Aaron Farinacci, 37, was taken into custody at his home in Spokan
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Meghan Markle made quite the splash on her 45th birthday when she shared two photos of herself happily leaping into a swimming pool while clutching a bouquet of balloons. The mother of two, who recently returned to California from a European vacation with her husband, Prince Harry, and their childre
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